Cleveland-Cliffs Inc - Company Profile
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Business Description
Cleveland-Cliffs Inc (Cliffs) is a flat-rolled steel manufacturer. It also supplies iron ore pellets to the North American steel industry from its mines. The company carries out downstream finishing, stamping, tooling, and tubing and also mining of raw materials and ferrous scrap for primary steelmaking for the vertical integration of its operations. It also produces direct reduced iron (DRI)-grade pellets. Cliffs transformed its business into a steelmaking process, following the acquisition of AK Steel and ArcelorMittal USA and entered into scrap business with the acquisition of FPT. It serves automotive, manufacturing and infrastructure, and distributors and converters markets.
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Business Segments
Overview
Manufactures flat-rolled carbon, stainless, electrical, tinplate, plate, and long steel products. Offers iron ore pellets, hot briquetted iron (HBI) feedstock and coking coal. Owns and co-owns five operating iron ore mines in Michigan and Minnesota. Also, holds interests in the Princeton coal mining complex in West Virginia. Serves automotive; infrastructure and manufacturing sectors; distributors and converters; and steel producers. Offers Hot-rolled steel, Cold-rolled steel, Coated steel, Stainless and electrical steel, Plate, and Slab and other steel products.
Performance
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Overview
Includes Tubular, Tooling and Stamping businesses. Carries out Tabular business through its subsidiary Tubular Components, which has plants in Walbridge, Ohio; and Columbus, Indiana. Offers advanced-engineered solutions, hot- and cold-stamped steel components, tool design and build and complex assemblies for the automotive market.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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